M&A Deal Summary

RA-Lock Security Solutions Acquires Service Central

On October 10, 2023, RA-Lock Security Solutions acquired safety/security company Service Central

Acquisition Highlights
  • This is RA-Lock Security Solutions’ 1st transaction in the Safety/Security sector.
  • This is RA-Lock Security Solutions’ 1st transaction in the United States.
  • This is RA-Lock Security Solutions’ 1st transaction in Illinois.

M&A Deal Summary
Date 2023-10-10
Target Service Central
Sector Safety/Security
Buyer(s) RA-Lock Security Solutions
Deal Type Add-on Acquisition
Advisor(s) Kreshmore Group (Financial)

Target

Service Central

Steger, Illinois, United States
Service Central offers innovative security solutions to customers from a wide range of industry sectors. Product offerings include cash handling, metal cabinets, high security locks, and security bars used within the banking, legal/court room, amusement, gaming, vending, laundry, and appliance industries. Service Central is based in Steger, Illinois.

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Buyer(S) 1

Buyer

RA-Lock Security Solutions

Midlothian, Texas, United States
Category Company
Founded 1969
Sector Safety/Security
DESCRIPTION

RA-Lock Security Solutions is a manufacturer and designer of high-security lock housings, mainly for the vending and payphone industries. RA-Lock Security Solutions was founded in 1969 and is based in Midlothian, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal